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Contrary to common assumption, many of the wealthiest Americans aren't worried about the weakening economy at all. They are actually excited about it.
So when the only domestic social policy is tax cuts that mostly benefit the wealthiest Americans, we say, 'Where is faith being put into action here?'
The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.
Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal problems.
The wealthiest Americans often live as though they and their children had nothing to gain from investments in education, infrastructure, clean-energy, and scientific research.
I don't know how anyone can keep a straight face and say they are for deficit reduction while they insist on a permanent tax cut for the wealthiest Americans, completely unpaid for.
Having won re-election convincingly and against the economic odds, President Obama quickly made good on his promise of maintaining taxes as they are for the middle class while raising them on the wealthiest Americans.
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.